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Britain's Exchange Rate Mechanism crisis in 1992 was the first Brexit

Britain's entanglement with the ERM represents a major landmark in the UK's European history.

PHOTO: AFP

WAS Sept 16, 1992 Britain's first "Brexit"? And then there are those who might date the first schism with Europe to Henry VIII's break with the Church of Rome in 1530, or to the departure of Roman legions from England around 400 AD. There may be parallels between the withdrawal from the Exchange